WEBB: Target $40 in one year!
EBI Securities Corporation Updates Report on WEBB Interactive Services, Inc.
DENVER, Nov. 4 /PRNewswire/ -- The following is being issued by EBI Securities Corp., a member of the National Association of Securities Dealers, CRD Number 16184:
EBI Securities Corporation issued a new report today on WEBB Interactive Services, Inc. (Nasdaq: WEBB - news). EBI gives the stock a STRONG BUY rating and a $40 price target.
In the update, EBI notes that the company's acquisition of netIgnite has provided the company with aptitudes in XML based technologies, which they believe, are highly relevant to the future of Internet commerce and communication. EBI added that the company has been able to refine its focus into two distinct markets: the provisioning of small to medium sized financial institutions with internet capabilities and the facilitation of local commerce for businesses and consumers utilizing XML technologies. EBI believes that WEBB's products in each of these venues have attracted considerable interest from significant distribution partners. EBI's report suggests that WEBB's market capitalization compared to companies like Digital Insight (Nasdaq: DGIN - news) and Nfront (Nasdaq: NFNT - news) on the banking side, and Commerce One (Nasdaq: CMRC - news) on the commerce side make the stock a compelling value on a relative basis.
Information and statements contained herein, other than historical information, should be considered forward looking, which involve risk and uncertainties. EBI Securities Corp., its officers, directors and affiliates may maintain positions in the securities referenced, which may change at any time without notice. EBI is a market maker in the common stock of WEBB. EBI acted as managing underwriter of a public offering of WEBB's common stock and warrants in 5/96. The securities referenced are speculative in nature and may not be suitable for your investment objective. Additional information is available upon request.
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